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Estimation of the Natural Rate of Unemployment in Russia in 1994-2003: Empirical Analysis
https://doi.org/10.32609/0042-8736-2004-3-95-104
Abstract
In order to outline the problem of unemployment in Russia, the authors calculate the natural rate of unemployment by consecutively estimating the optimal number of employed and economically active population. For estimation of optimal values modified Hodrick–Prescott filter was used. The results show that the natural rate of unemployment in Russia in 1994–1997 was stable around 12–12, 5%, and decreased to 8, 1% by 2003. In addition, before 1998 the actual unemployment was significantly lower than the natural rate and currently practically equals it.
About the Authors
V. Bragin
Institute for Open Economy
Russian Federation
Russian Federation
V. Osakovsky
Institute for Open Economy
Russian Federation
Russian Federation
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Review
For citations:
Bragin V., Osakovsky V. Estimation of the Natural Rate of Unemployment in Russia in 1994-2003: Empirical Analysis. Voprosy Ekonomiki. 2004;(3):95-104. (In Russ.) https://doi.org/10.32609/0042-8736-2004-3-95-104
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